Q:

LRS is a facility provided by the Reserve Bank of India for all the resident individuals to freely remit a certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions. Here ‘LRS’ stands for ____.

A) Liquidity Remittance Scheme	B) Liberalised Remittance Scheme
C) Liberalised Remittance Source	D) Liberalised Revenue Scheme

Answer & Explanation Answer: B) Liberalised Remittance Scheme

Explanation:

LRS stands for - Liberalised Remittance Scheme.
LRS is a facility provided by the Reserve Bank of India for all resident individuals to freely remit certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions.
Note:
* In April 2018, the Reserve Bank of India (RBI) has tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which individual can transfer up to US $2,50,000 abroad in a year.

* The purpose of tightening of norms is to improve monitoring and to ensure compliance with LRS limits.
* The scheme was introduced in February 2004 and its regulations are provided under Foreign Exchange Management Act (FEMA), 1999.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which of the following countries is not a member of G8?

A) USA	B) UK
C) Germany	D) Russia

Answer & Explanation Answer: C) Germany

Explanation:

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Q:

The Indian musical instrument 'Surbahar' is of which type?

A) Impact	B) Wind
C) String	D) Percussion

Answer & Explanation Answer: C) String

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which of the following schemes is NOT related to the DigitalIndia?

A) Digital Locker	B) e-education
C) e-health	D) National Scholarship Portal

Answer & Explanation Answer: D) National Scholarship Portal

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

A sentence has been given in Direct/Indirect Speech. Out of the four given alternatives, select the one which best expresses the same sentence in Indirect/Direct Speech.

Tina said to him, “Please wait here till I return.”

A) Tina asked him to stay there.	B) Tina requested him to wait there till she returned.
C) Tina request him to wait until she comes.	D) Tina says he should wait there till her returned.

Answer & Explanation Answer: B) Tina requested him to wait there till she returned.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

Her elegance (1)/ makes her (2)/ an attracting lady. (3)/ No error (4)

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: C) 3

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, choose the alternative which best expresses the meaning of the idiom/Phrase.

Over egg the pudding

A) add unnecessary details to make something seem better or worse.	B) fill the pudding excessively with egg.
C) add details in order to make something more exciting.	D) add important details to the content of a story.

Answer & Explanation Answer: A) add unnecessary details to make something seem better or worse.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

In the following question, four words have been given out of which one word is incorrectly spelt. Select the incorrectly spelt word.

A) Assuage	B) Aporism
C) Appease	D) Atrocious

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